exam prep - business operations

Question 1

Explain the concept of

Answer 1

■ General management: overseeing everything that goes on in a company,
and making sure that all departments are working together to turn a profit.

Answer 2

■ Administration function: the process of collecting and storing information
that will be used by management in decision making.

Answer 3

■ Financial function: involves the acquiring and utilisation of funds necessary
for efficient operations.